Fort Worth weekly gazette. [volume] (Fort Worth, Tex.) 1882-1891, 1887-06-24
CLOSED BY UNCLE SAM.
Fidelity National Bank of Cincinnati
Closed by the Government and
Receiver Appointed.
BHt Few People Knew the government
Bank Examiner was la Town
and All We're Surprised.
Ths Mischief Done by the Late Corner on
Wheat Manifss;s ItsslR-Aggregate
Assets in the Millions.
RESULT oF TIE WHEAT PANIC.

CINCINNATI, OHIO, June 2l.-The
Fidelity National Bank closed this morn
ing by order of the government through
its representative, Eugene Powell. a
meeting of the board of directors was
called at o'clock this morning and IS in
session. The sidewalks are lined With
people in the vicinity, who are quietly
discussing the situation without even
knowing that the government bank ex-
aminer has been mere. No notice has
been posted and no information is given
at the door. One irete depositor created
a scene by forcing himself half way into
the door where he received q heavy
blow in the face from some one inside
and was finally taken away by the officers.
One of the officials Of the bank this morn
ipg assured friend who had entrance 10
the safe deposit vaults that the bank
would pay every dollar il owed. The
general feeling has been that the bank is
strong enough, but feeling OF mistrust
become engendered from various causes.
II is now stated that the directors de-
termined upon the appointment of a re
ceiver 10 take charge of the business, and
an effort is being made to obtain one.
1llLILA Va l1C SlNILChS -N%tlOLt4 SauE
has been suggested, but 1t is thought he
will not accept.
1l:30 A. M.-The directors meeting is
closed but the doors remain impossible,
being guarded by doorkeeper aud DO
liceman within and several policemen on
the outside. The crowd has all gone, and
aside from the police ct the door and q
few knots of people along the square dis
OF -,
to indicate the occurrence Of any
thing more than usual At the
meeting OF the directors this morning
Nj. Powell, bank examiner, announced
that owing 10 the impairment Of the
bankis resources the government would
take charge OF il. and would appoint I
receiver to wind up the business. i. is
systematically that the alternative was
given of continuing IN business by recr-
gsAiZltion, which would drive out
Yice-Presldeut Harper, Cashier Baldwin,
and Assistant Cashier q. E. Hopkins,
bG, that the directors were unable
to agree upon such plsu, or were IN
willing to take the risk Of run following
the Interference of the government. The
outcome, however, was the appointment
Of Mr.. J. II. Dec4mp, yice-president Of
the Metropolitan National bank, receiver,
and he was placed in charge of the bank s
affairs. 1t is now stated that the clear
ing house settlements for the pSst few
days have shown an unusual drain on
their resources. Besides this many banks
have kept their checks out Of the clearing
house as favor. There are numerous
rumors atioat concerning the cause of the
action of the bank examiner. Vice
president Harper, who has borne heavy
strain for the past week is much dis
tressed this morning He calls himself s
ruined man, aud is in high state OF ex.
citement. A conservative director says
it is his opinion the deposltors viii get
their money in full.
ASSETS AND LIABILITIES.
WASHINGTON, June 2l.-The Comp
troller of the Currency to-day received a
telegram from Mr.. Powell, regular bank
examiner for the western district of Ohio,
saying that he had taken charge of the
Fidelity National bank OF Cincinnati,
Ohio, as an insolvent institution. No
particulars are given, but it has been sub
sequently escertained that the liabilities
Of the bank, exclusive of the capital
stock, are about s., 100000. The indi-
vidusl deposits are about s., 100000
ATwO MILLION FAILURE.
CINCINNATI, OHIO, June 2l.-E. L.
Harper made an individual assignment to
S. Tillerman this afternoon and his
firm, e. L. Harper & Co., dealer in iron,
etc, also assigned to Zimmerman. The
failures are the direct result of the clos
ing of the Fidelity bank. The assets are
s.. 900. 0G0; liabilities not given.
HARPER's ASSETS AND LIABILITIES.
CINCINNATI, OHIO, June 21.-Later in
the day Z. l.. Harper made an sssign
ment 81 his rolling mill in Newport, Ky,
- his superintendent, Adam Wagner. In
meme of the assignments has there been
Any creditors named. The estimated lia-
bi!l.ies in al the interests OF Z. L. Har-
per approach $4,000 600. The assets,
counting his bank stock at par, are about
100000, as made by himself 8 few
days since.